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Former Valencia president arrested for plotting to kidnap successor

Apr 9, 2014, 9:49 AM EDT

Soler

A bizarre story out of La Liga has seen former Valencia president Juan Bautista Soler arrested for plotting to kidnap his successor Vicente Soriano.

Having resigned from his position at the club in 2008 for health reasons, Soler now has been arrested in the city of Valencia.

According to Spanish media, police made the arrest after a two-week investigation involving the possibility that Soler hired an Eastern European specialist for between €50,000 to €100,000 ($69,000-$138,000) to abduct Soriano.

After Soler’s departure, he sold his share of the club to Soriano for €85.5 million ($118 million), which gave Soriano a majority stake.

Soriano only intended on purchasing the club as a middle man in order to sell to Uruguayan company Investment Dalport.  But that deal fell through when it was discovered that the money Investment Dalport intended to purchase the club with never actually existed and the notes were false.

So Soriano was stuck with the club, and naturally had trouble making payments to Soler. You can see where this is going.

He tried to get out of the deal, but a court order ordered him to make his payments plus interest for being late.  Formerly a majority share, Soriano’s cut today only represents a 5% ownership, and his shares have been siezed. Unfortunately, Soler apparently still has some bad blood towards Soriano likely caused by a loss on the deal, so he decided to take matters into his own hands.

According to Spanish media, the prosecution has not yet decided to ask for jail time and Soler has been released for the time being, but he is not allowed to leave the country and is barred from entering within 15 meters of Soriano.  He will appear in court on a “regular basis” as the investigation continues and a trial commences.

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